Caesars Entertainment to divest William Hill’s non-US business

Gambling News and Lucky Stories

The American corporation Caesars Entertainment, which manages hotels and gambling establishments, announced the sale of non-US assets of the British gambling company William Hill. This operator Caesars Entertainment bought in April 2021 for 2.9 billion pounds. According to information that has fallen into the public field, 1,400 land-based establishments in the UK will be auctioned off. This could bring the corporation 1.5 billion pounds. In addition, online gambling assets that William Hill was engaged in in Europe will also be sold. Experts believe that the struggle for the right to make a purchase will unfold between the transnational company Apollo Global Management (headquartered in New York) and Shaked Ventures venture fund (Israel). My Lucky Story reported that Caesars Entertainment’s investment in three casino hotels located in the gambling zone of Atlantic City will amount to $400 million. Earlier it became known that Caesars Entertainment will build a resort complex with a gambling house in the city of Danville (Virginia). This facility is scheduled to open in 2023.

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